Latest reports – Page 2988
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PropertyEU Archive
Profile: The change agents - Allianz Real Estate
Over the past year, Allianz Real Estate has emerged as one of the biggest property investors in Europe - and is set to remain so for several years to come. After spending more than €2 bn in 2010, the property arm of German insurer Allianz is gearing up to invest ...
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PropertyEU Archive
Swiss Life takes majority stake in Viveris REIM
Insurance group Swiss Life said that it has acquired a controlling interest in the French fund manager Viveris REIM, becoming the largest shareholder after its founding managers and insurer Matmut. Although the terms of the operation were not disclosed, Swiss Life has reportedly taken a 60% stake from Viveris Management. ...
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PropertyEU Archive
Developer acquires stake in Dutch mall for EUR 48m
Dutch developer Peter van Dijk Projects & Investments has acquired a part of De Weiert shopping centre in the Dutch town of Weert from the railway pension fund. The investment volume is believed to be in the region of EUR 48 mln. Sources told PropertyNL - the sister publication of ...
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PropertyEU Archive
European investment volumes recover strongly in 2010: JLL
Liquidity returned to the market in 2010 as equity rich investors sought to take advantage of attractive pricing to acquire low-risk assets in prime locations. As a result, European investment volumes jumped 48% in 2010, with EUR 102 bn traded, according to Jones Lang LaSalle's latest Capital Markets bulletin.
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PropertyEU Archive
LaSalle raises EUR 170m for UK junior loan programme
LaSalle Investment Management (LaSalle) has raised £150 mln (EUR 170 mln) for a new junior loan programme targeting newly originated loans secured against UK properties. The new capital raise brings the total discretionary capital that LaSalle has available for junior and mezzanine debt investment in the UK to over ...
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PropertyEU Archive
Spyker in talks to sell Saab real estate
Spyker Cars, the Dutch owner of Swedish carmaker Saab, said on Monday it is working to put together a sale-and-leaseback transaction involving Saab's property assets. The investment volume of such a deal was not disclosed but Saab's 2010 annual report put the value of the company's property, plant and equipment ...
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PropertyEU Archive
JLL appointed to sell Citigroup HQ in Canary Wharf for EUR 1b-plus
Jones Lang LaSalle has been instructed as the sole agent to sell the freehold interest of 25 Canada Square located in the heart of London's Canary Wharf. Offers in excess of £1 bn (EUR 1.1 bn) are being sought on the iconic, 1.2 million square feet (111,000-m2) building. The ...
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PropertyEU Archive
Crédit Foncier issues EUR 1b of mortgage bonds
Compagnie de Financement Foncier, a wholly-owned subsidiary of Crédit Foncier, said that it has issued EUR 1 bn of mortgage bonds with a maturity date of 10 years and a coupon rate of 4.375 %.
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PropertyEU Archive
ABN AMRO provides EUR 85m financing for Dutch logistics deal
ABN AMRO is providing a EUR 85 mln financing package to Euronext-listed warehouse specialist WDP as part of its international expansion plans.
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PropertyEU Archive
SEB AM lets 11,300m[sup]2[/sup] to arts centre in Paris
SEB Asset Management has signed a nine-year lease with the Centre National des Arts Plastiques (CNAP) in Saint Ouen l’Aumône, north-east of Paris.
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PropertyEU Archive
BayernLB agrees EUR 50m funding for Carlyle's Cubes
German lender BayernLB is providing EUR 50 mln to The Carlyle Group's CEREP III fund for the 'Cubes' office development project in Düsseldorf.
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PropertyEU Archive
REO completes sale of Montevetro to Google for EUR 99.9m
Real Estate Opportunities, the real estate investment and development group active in Ireland and the UK, announced on Monday that it has completed the sale of Montevetro, Dublin's tallest commercial office building, to Google for EUR 99.9 mln. The sum is being satisfied in cash.
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PropertyEU Archive
Pramerica shops in Sweden with EUR 36m retail buy
Pramerica Real Estate Investors, part of US group Prudential Financial, has acquired a retail centre in the city of Helsingborg, Sweden, on behalf of the Spezialfonds EuRetail investment fund. The vendor is a joint venture of GE Capital Real Estate and NR Nordic & Russia. The investment volume amounts to ...
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PropertyEU Archive
Santander aims to triple size of listed property fund
Banco Santander subsidiary Luresa Inmobilaria has appointed property adviser Gresham Down and Knight Frank Investors to help it expand the fund's assets under management from £65 mln (EUR 74 mln) to more than £150 mln (EUR 171 mln).
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PropertyEU Archive
States seek bank exits
European governments have injected billions into ailing banks since the beginning of the financial crisis in 2008. But now, as pressure to return these banks to the commercial sector mounts, governments are considering a number of strategies to get the banks off their hands.
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PropertyEU Archive
Private equity RE fundraising hits 7-year low in Q1
Private equity real estate fundraising remained slow in the first quarter of 2011, with $5.8 bn (EUR 4 bn) raised by funds holding a final close, according to Preqin, which provides data on the alternative assets industry.
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PropertyEU Archive
Italian pooled funds rebound in H2 2010, says IPD
Italian pooled property funds delivered positive returns for the second consecutive year in 2010, at 1.7%, a solid improvement on the 0.2% booked in 2009, according to the Italian Pooled Property Fund Indices (Italian PPFI).
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PropertyEU Archive
Cross-regional capital flows into Europe double: CBRE
Data for the first months of 2011 suggest a further broadening of non-European investor demand for European real estate in terms of both investor type and nationality, thereby continuing a trend that started to emerge in the second half of 2010. In 2010, cross-regional flows of capital from outside Europe ...
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PropertyEU Archive
Sistema-Hals puts Danilovsky Fort on the market
Cushman & Wakefield and Knight Frank have been mandated to sell the first and second buildings of the Danilovsky Fort business centre in Moscow. The properties, which are owned by local property developer Sistema-Hals, provide a total area of 27,500 m[sup]2[/sup] and will be offered for a price of $3,000 ...
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PropertyEU Archive
ECE Türkiye to manage two new malls
ECE Türkiye, a subsidiary of Germany-based ECE, has taken over the management of two new CarrefourSA shopping centres. On 1 March the 14,000-m[sup]2[/sup] CarrefourSA Bahçelievler in Istanbul became part of ECE Türkiye's centre portfolio. This was followed by the 34,500-m[sup]2[/sup] CarrefourSA Karºiyaka in Izmir on 1 April 2011. ECE now ...
